Friday, July 1, 2011

Bam's tired tax trope... America should just say no.

There he goes again. Yesterday, President Obama trotted out that same old class-warfare rhetoric that Democrats always use to flog tax hikes.

And, as usual, his argument was just one big exercise in deception.
- New York Post
...what can be worse for America's shaky economy than new taxes?

That's especially true for small businesses, whose revenues are generally taxed as personal income -- and which generate much of America's job growth.

As Senate GOP leader Mitch McConnell noted, Obama himself has said "that keeping taxes where they are enables businesses to hire more workers. In other words, that raising taxes leads to fewer jobs." The prez, he said, "can call for tax hikes. But he can't call for tax hikes and job-creation. It's one or the other."

Obama should also come clean about just whose taxes he'd hike; after all, it's not just "millionaires and billionaires and corporate-jet owners" in the crosshairs.

Scrapping the corporate-jet break, for instance, is estimated to bring in just $3 billion over 10 years. But Democrats are calling for $400 billion in new tax revenue.

Americans (particularly in New York) should know by now that when pols talk of taxing "millionaires," they usually mean folks earning as little as $250,000 (what a married veteran teacher and cop often nearly make).

Fact is, Obama's hikes would be economically ruinous. But equally troubling is his use of divisive class-warfare rhetoric to mask his true intentions.

America should just say no.

Actually, hell no!